House Do Co. Ltd. said its normalized net income for the fiscal fourth quarter ended June 30 was ¥20.12 per share, a gain from ¥7.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥176.3 million, a gain from ¥66.9 million in the prior-year period.

The normalized profit margin climbed to 4.0% from 1.9% in the year-earlier period.

Total revenue grew 24.6% year over year to ¥4.37 billion from ¥3.50 billion, and total operating expenses increased 20.4% year over year to ¥4.05 billion from ¥3.36 billion.

Reported net income grew from the prior-year period to ¥150.3 million, or ¥17.16 per share, from ¥59.6 million, or ¥7.01 per share.

For the year, the company's normalized net income totaled ¥86.06 per share, an increase of 97.9% from ¥43.48 per share in the prior year.

Normalized net income was ¥738.8 million, an increase from ¥320.0 million in the prior year.

Full-year total revenue grew 18.5% on an annual basis to ¥17.27 billion from ¥14.57 billion, and total operating expenses increased 14.6% year over year to ¥16.00 billion from ¥13.96 billion.

The company said reported net income increased on an annual basis to ¥741.4 million, or ¥86.36 per share, in the full year, from ¥353.2 million, or ¥47.98 per share.

As of Sept. 28, US$1 was equivalent to ¥100.73.